Supplementing Your Retirement Income
If you currently contribute to a 401(k), stop and think about it for a minute. What is it really doing for you, now and in the future?
Archive for the 'Taxes' Category
Marginal Tax and Social Security
The 46.3% Marginal Bracket by Ken Morris
Despite the new tax rate reductions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, the top marginal tax bracket for many retirees is a whopping 46.3%. Why? Because Social Security benefits are subject to income tax. Those affected are Social Security recipients who [...]
Will the Next World War be Over Energy?
NEWSWEEK SPECIAL REPORT
The Coming Energy Wars
Oil prices could hit $200 a barrel in the next few months. How the spike changes everything.
Rana Foroohar
NEWSWEEK
Updated: 10:51 AM ET May 31, 2008
This spring, America hit a historic point. With average gas prices per gallon edging toward $4, America’s notoriously profligate ways started to change fast. Americans are [...]
Accelerate Your Ownership
Learn how Money Merge Accounts can accelerate the path to ownership.
Is Your Mortgage Insurance Tax Deductible?
Caveat No. 1
The tax deduction applies only to mortgages that are closed in 2007. If you have a loan with mortgage insurance in 2006, you won’t be able to deduct the premiums in the 2007 tax year unless you refinances in 2007.
Caveat No. 2
There are income limits. You get the full deduction if your [...]